Withdraws plans for reverse split
MIAMI, Aug. 09, 2022 (GLOBE NEWSWIRE) -- Touchpoint Group Holdings, Inc. (TGHI), a media and digital technology holding company, today provided the following shareholder update from the Company's CEO, Mark White.
Mr. White stated, "We continue to make significant progress advancing our next generation fan engagement platform. Specifically, we are now working with numerous fitness brands, celebrities and influencers. The customer response has been overwhelmingly positive, as our platform is specifically designed to bring fans closer to celebrities by providing access to proprietary content, livestream events, as well as exclusive merchandise. To further enhance the platform and add new revenue streams, we are working towards integrating new blockchain machine learning capabilities designed for intuitive analytic feedback, thereby allowing for the creation of highly optimized content strategies both inside the Touchpoint platform and on social media."
"Building on our core expertise in fan engagement, we announced last year our acquisition of Air Race World Championship (Air Race), a race format developed by Red Bull as the Red Bull Air Race. Since that time, we have been successful in signing multiple host-city agreements. However, given the prolonged impact and travel restrictions associated with the pandemic in addition to global financial market conditions, we made the strategic decision to postpone these events into early 2023, when we believe we can maximize the success and financial impact of these events."
"Overall, we could not be more excited about the outlook for the business. For this reason, and based on feedback from investors, the Board of Directors made the strategic decision to forgo plans for a reverse split. While our goal remains to list on a senior U.S. stock exchange, we are also exploring a variety of strategic alternatives to maximize value for shareholders. Meanwhile, we remain focused on both advancing plans to launch Air Race in the new year, as well as accelerating the growth of our core Touchpoint fan engagement platform."
About Touchpoint Group Holdings.
Touchpoint Group Holdings Inc. is a media and digital technology acquisition and software company. For more information, see
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This news release may contain "forward-looking" statements. These forward-looking statements are only predictions and are subject to certain risks, uncertainties and assumptions that could cause actual results to differ from those in the forward looking-statements. Potential risks include such factors as the inability to enter into agreements with parties with whom we are in discussions, the uncertainty of consumer demand for the Company's products, as well as additional risks and uncertainties that are identified and described in the Company's SEC reports. Actual results may differ materially from the forward-looking statements in this press release. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. The Company does not undertake, and it specifically disclaims, any obligation to update any forward-looking statements to reflect occurrences, developments, events or circumstances after the date of such statement.
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Crescendo Communications, LLC
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Withdraws plans for reverse split
MIAMI, Aug. 09, 2022 (GLOBE NEWSWIRE) -- Touchpoint Group Holdings, Inc. (TGHI), a media and digital technology holding company, today provided the following shareholder update from the Company's CEO, Mark White.
迈阿密，2022年8月9日（GLOBE NEWSWIRE）——媒体和数字技术控股公司Touchpoint Group Holdings, Inc.（THI）今天提供了该公司首席执行官马克·怀特的以下股东最新情况。
Mr. White stated, "We continue to make significant progress advancing our next generation fan engagement platform. Specifically, we are now working with numerous fitness brands, celebrities and influencers. The customer response has been overwhelmingly positive, as our platform is specifically designed to bring fans closer to celebrities by providing access to proprietary content, livestream events, as well as exclusive merchandise. To further enhance the platform and add new revenue streams, we are working towards integrating new blockchain machine learning capabilities designed for intuitive analytic feedback, thereby allowing for the creation of highly optimized content strategies both inside the Touchpoint platform and on social media."
怀特先生说：“我们在推进下一代粉丝参与平台方面继续取得重大进展。具体而言，我们现在正在与众多健身品牌、名人和有影响力的人合作。客户的反应非常积极，因为我们的平台专为通过提供专有内容、直播活动和独家商品来拉近粉丝与名人的距离而设计。为了进一步增强平台并增加新的收入来源，我们正在努力整合专为直观分析反馈而设计的新区块链机器学习功能，从而允许在Touchpoint平台内部和社交媒体上创建高度优化的内容策略。”
"Building on our core expertise in fan engagement, we announced last year our acquisition of Air Race World Championship (Air Race), a race format developed by Red Bull as the Red Bull Air Race. Since that time, we have been successful in signing multiple host-city agreements. However, given the prolonged impact and travel restrictions associated with the pandemic in addition to global financial market conditions, we made the strategic decision to postpone these events into early 2023, when we believe we can maximize the success and financial impact of these events."
“在粉丝参与方面的核心专业知识基础上，我们去年宣布收购Air Race世界锦标赛（Air Race），这是一种由红牛开发的比赛形式，名为红牛空中竞赛。从那时起，我们成功地签署了多项东道城市协议。但是，考虑到与疫情相关的长期影响和旅行限制以及全球金融市场状况，我们做出了将这些活动推迟到2023年初的战略决定，届时我们相信我们可以最大限度地发挥这些事件的成功和财务影响。”
"Overall, we could not be more excited about the outlook for the business. For this reason, and based on feedback from investors, the Board of Directors made the strategic decision to forgo plans for a reverse split. While our goal remains to list on a senior U.S. stock exchange, we are also exploring a variety of strategic alternatives to maximize value for shareholders. Meanwhile, we remain focused on both advancing plans to launch Air Race in the new year, as well as accelerating the growth of our core Touchpoint fan engagement platform."
“总的来说，我们对业务前景再兴奋不过了。出于这个原因，并根据投资者的反馈，董事会做出了放弃反向拆分计划的战略决定。尽管我们的目标仍然是在美国高级证券交易所上市，但我们也在探索各种战略替代方案，以最大限度地提高股东的价值。同时，我们仍然专注于推进在新的一年推出Air Race的计划，以及加快我们的核心Touchpoint粉丝参与平台的发展。”
About Touchpoint Group Holdings.
Touchpoint Group Holdings Inc. is a media and digital technology acquisition and software company. For more information, see
Touchpoint Group Holdings Inc. 是一家媒体和数字技术收购和软件公司。有关更多信息，请参阅
This news release may contain "forward-looking" statements. These forward-looking statements are only predictions and are subject to certain risks, uncertainties and assumptions that could cause actual results to differ from those in the forward looking-statements. Potential risks include such factors as the inability to enter into agreements with parties with whom we are in discussions, the uncertainty of consumer demand for the Company's products, as well as additional risks and uncertainties that are identified and described in the Company's SEC reports. Actual results may differ materially from the forward-looking statements in this press release. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. The Company does not undertake, and it specifically disclaims, any obligation to update any forward-looking statements to reflect occurrences, developments, events or circumstances after the date of such statement.
本新闻稿可能包含 “前瞻性” 陈述。这些前瞻性陈述仅是预测，受某些风险、不确定性和假设的影响，这些风险、不确定性和假设可能导致实际结果与前瞻性陈述中的结果有所不同。潜在风险包括无法与我们讨论的各方达成协议、消费者对公司产品的需求的不确定性以及公司在美国证券交易委员会报告中发现和描述的其他风险和不确定性等因素。实际结果可能与本新闻稿中的前瞻性陈述存在重大差异。此处发表的声明截至本新闻稿发布之日，不应在随后的任何日期作为依据。公司不承担也不承担任何义务更新任何前瞻性陈述以反映此类陈述发布之日后的事件、发展、事件或情况。
Crescendo Communications, LLC
212-671-1021
tghi@crescendo-ir.com
克雷森多通讯有限责任公司
212-671-1021
tghi@crescendo-ir.com
